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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

US Dollar/Iraqi Dinar (FOREX:USDIQD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDIQD
Open High Low USDIQD Price Change
1193.6346 1193.6346 1189.5000 1189.5000 -4.1346
Entry Signal

MarketClub’s Trade Triangles for USDIQD

long term down The long term trend has been DOWN since Oct 29th, 2019 at 1187.9

intermediate term down The intermediate term trend has been DOWN since Jan 28th, 2020 at 1190.0

short term down The short term trend has been DOWN since Jan 28th, 2020 at 1190.0

Smart Scan Analysis for USDIQD

Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for USDIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1193.6346 1193.6346 1189.5000 1189.5000 -4.1346
Prev. Close Volume Bid Ask Time
1193.6346 1185.0000 1194.0000 2020-01-29 09:33:39
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